US Stablecoin Law May Threaten Its Own Industry, Warns Former BoC VP
US stablecoin law may empower banks over private issuers, boosting the dollar while threatening crypto industry stability, warns former BoC VP Wang Yongli.
US stablecoin law may empower banks over private issuers, boosting the dollar while threatening crypto industry stability, warns former BoC VP Wang Yongli.
Analysts say Bitcoin’s drop was driven by Asian liquidity shocks, Japan’s carry trade unwind and China’s slowdown despite supportive U.S. conditions.
China reinforces its ban on crypto, warning of scams and financial risks, and calling for tighter oversight and coordination.
Trump vows to keep the U.S. ahead of China in crypto, indicating America’s dominance as Beijing maintains strict bans.
Trump and Xi finalize a major U.S.-China trade deal easing tariffs, boosting farm exports, and curbing fentanyl flow.
US-China trade tensions ease slightly as rare earths dispute softens and markets react with cautious optimism.
Crypto market plunges as Trump’s new tariffs on China spark panic, causing record liquidations and deep losses across major coins.
Futian Investment Holding issues 500 million yuan RWA bonds on the Ethereum blockchain, marking a step forward for China’s blockchain adoption in finance.
China blocks stablecoin promotion and warns against crypto-linked iris scans, citing fraud, privacy, and national security risks.
China warns that a foreign crypto firm is using biometric scans to collect sensitive iris data, posing national and personal security risks.
China explores stablecoins in Shanghai as Hong Kong emerges as a testing ground, while speculation grows around China's Bitcoin stash.
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